Make Money on Social Media
Looking forward to making money on
social media? This article will walk you through 5 easy ways you can make money
on social media. Depending on your areas of interest, you can choose one or
more avenues to make money.
Social media usage is currently at
an all time high in the world and continues to grow. India is currently number
one country for Facebook in terms of monthly active users! On this slide from
the Digital Yearbook 2017 by “We Are Social” you can see that active social
media users worldwide will already reach 3 billion users! Just imagine how big
the market is out there. All you have to do is enter this market effectively.
Remember that the main purpose of
social media is to build social connections. However, this does not mean that
you cannot make money from it. It's easy to make money with Twitter and Facebook.
In fact, the social media ads like Facebook ads, Twitter ads, or LinkedIn ads
are only meant for generating leads / sales. Hence, it makes sense not to spam
your users with promotional offers.
Mixing informational posts with
promotional posts is the right way to bring audiences and business together on
social media.
Affiliate marketing is one of the
best ways to make money online. In short, affiliate marketing is a way to make
money promoting other companies' products (like Amazon.com etc) through your
unique affiliate links that you get after you sign up with them.
If you are good at building social
media communities and promoting affiliate products using social media ads
(remember to keep your ad costs below the money you make), you can make a
handsome amount of money.
Remember, adding a disclosure of
your affiliate links to your social media audience is always a good idea. This
creates trust with them. Second, don't spam your social media communities with
affiliate links as it will put people off. Always have a healthy ratio of
general informational contributions
Here is an in-depth post on how to
learn affiliate marketing and make money on social and other digital media.
You can also create your own
products using digital and physical. However, I would recommend starting with
digital products (like eBooks, courses, etc.) as these are easier to create,
promote, and require less money to start developing the products. For example,
you can list your eBook on Amazon Kindle or Click Bank and then promote the
link of your eBook on various social media channels. And once the sale starts,
all you have to do is collect payment.
Physical products, on the other
hand, require more capital at the development stage and should not be deployed
until you have validated the product idea and have sufficient capital to invest
in developing it. However, physical products such as designer jewelry,
handicrafts, and other household / living items are relatively easier to
develop and sell online.
Once you have decided on your
product (digital or physical), you can sell it directly on various social media
channels such as Facebook, Twitter, Pinterest, Instagram, etc. or through
websites such as Etsy or other e-shops that offer such Enable sale.
If you've decided to sell directly
on social media yourself, you have to take care of shipping, customer care,
logistics, etc. while other ecommerce stores take care of these aspects.
How to Make Money From Social
Media With YouTube
Building a successful YouTube
channel is no longer a piece of cake. Nothing is child's play anymore in social
media or digital media marketing. Building a successful YouTube channel takes a
lot of planning, persistence, hard work, and creativity.
Once you have at least 10,000
public views of your channel videos, you can apply for the YouTube affiliate
program. You can visit youtube.com/account monetization to check the total
number of views on your channel. That being said, your channel should adhere to
the guidelines of the YouTube affiliate program in order to be approved.
Here are the steps Google listed
to apply for the YouTube Affiliate Program:
• In the left menu, select Channel> Status and Features.
If you have some skills that you
think you can teach someone online, consider starting a coaching company. You
can have online sessions using video calls from Skype, Google Hangouts, or
Facebook Messenger.
One way to do this is to start by
building your personal brand. For example, if you are an expert in business
coaching, you should build your personal brand on channels like LinkedIn,
Facebook, and Twitter. You should create a social media strategy and have a
content calendar on hand to create engaging content and build a community. Make
money on social media by providing freelance SMM services.
You can also offer freelance
social media marketing services to your prospects. You can provide services
such as social media auditing, Facebook page management, social media content
creation, social media advertising (PPC ads on Facebook, Twitter, LinkedIn,
etc.), conducting social media contests, etc.
You can start your freelance
social media marketing business by creating your own brand on social media to
attract leads and inquiries. You can do this by guest blogging about social
media marketing on popular digital marketing blogs. You can also create your
own website or blog to create your own brand and share your blog posts on various
social media channels to generate traffic.
If you can create and share high
quality content on a regular basis (which is actually helpful for your target
audience), you will soon be receiving requests from potential customers to do
their social media marketing. And once you've done a quality job, you'll get
word of mouth references too. You can also ask your friends or other
acquaintances in your professional circles about social media projects in case
they are looking for someone to take care of them.
Another way to find freelance
social media marketing jobs is through freelance websites like Freelancer.com,
Upwork.com, Guru.com, PeoplePerHour.com, etc. Just create an account on one of
these websites. Add in your full professional details and work samples and
you're good to go.
You can also receive such
inquiries by being in different social media job groups on Facebook and
LinkedIn, as many clients are looking for freelancers in such groups.
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